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40224 Lombardy Street, Temecula, California 92591, Temecula, 92591 - 4 bed, 4 bath

40224 Lombardy Street, Temecula, California 92591 home-pic-0
ACTIVE$1,125,000
40224 Lombardy Street, Temecula, California 92591
4Beds
4Baths
2,886Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($911,272.97) is $213,727.03 (18%) lower than the list price ($1,125,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exclusive Community & Low Taxes: Located in 'The Vineyard,' an exclusive 45-home gated community known for having some of the lowest property taxes in the area.
Top Cons:
Significant Overpricing: The current list price of $1,125,000 is approximately 18% above the estimated market value, potentially limiting buyer interest and requiring a price adjustment.

Compared to the nearby listings

Price:$1.12M vs avg $740.0K (+$385,000)90%
Size:2,886 sqft vs avg 2,042 sqft83%
Price/sqft:$390 vs avg $36660%

More Insights

Built in 2015 (10 years old).
Condition: Built in 2015, this property is only 9 years old, falling well within the 'Excellent' criteria. The images showcase a modern, meticulously maintained interior with a high-quality kitchen featuring white shaker cabinets, subway tile backsplash, stainless steel appliances, and a large island. Bathrooms are equally updated with dual vanities, soaking tubs, and separate showers. The overall condition, including flooring, lighting, and custom touches like plantation shutters, indicates minimal physical depreciation and no deferred maintenance, aligning with a virtually new property.
Year Built
2015
Close
-
List price
$1.13M
Original List price
$1.1M
Price/Sqft
$390
HOA
$250
Days on market
-
Sold On
-
MLS number
SW25107575
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
Pool
Spa
Patio
ViewCity Lights,Neighborhood

About this home

*LOW TAX ALERT* Are you looking for something a bit more exclusive, a bit more upscale? “The Vineyard” Gated Community, has only 45 homes, with the some of lowest taxes in the area! Located Just 3 miles from all the major wineries, and all that Temecula has to offer this one is for you. 40224 Lombardy Street, is being sold by the original owner, who has meticulously cared for, and tastefully upgraded over the years. Home has 4 bedrooms, 3.5 bathrooms, approximately 3,000 square feet with custom touches everywhere. This home has a well thought out floorplan, with a full "En Suite' downstairs, loft, amazing jack and jill bathrooms, expansive primary bath with an amazing primary bedroom layout. Backyard is fully upgraded with a California room with fireplace, paid off Solar, waterfall and an amazing inground spa and low maintenance pool. Property has too many things to list. Move quick, as these homes are very rare, and do not become available often!

Condition Rating
Excellent
Built in 2015, this property is only 9 years old, falling well within the 'Excellent' criteria. The images showcase a modern, meticulously maintained interior with a high-quality kitchen featuring white shaker cabinets, subway tile backsplash, stainless steel appliances, and a large island. Bathrooms are equally updated with dual vanities, soaking tubs, and separate showers. The overall condition, including flooring, lighting, and custom touches like plantation shutters, indicates minimal physical depreciation and no deferred maintenance, aligning with a virtually new property.
Pros & Cons

Pros

Exclusive Community & Low Taxes: Located in 'The Vineyard,' an exclusive 45-home gated community known for having some of the lowest property taxes in the area.
Premier Wine Country Proximity: Strategically positioned just 3 miles from Temecula's renowned wineries and local attractions, offering an ideal lifestyle.
Extensive Upgrades & Meticulous Care: The property has been meticulously maintained and tastefully upgraded by the original owner, featuring custom touches throughout.
Resort-Style Backyard with Paid Solar: Boasts a fully upgraded backyard with a California room, fireplace, waterfall, inground spa, low-maintenance pool, and energy-efficient paid-off solar.
Thoughtful & Spacious Floorplan: Features a highly functional layout including a convenient downstairs en-suite, a versatile loft, and an expansive primary suite with luxurious bathrooms.

Cons

Significant Overpricing: The current list price of $1,125,000 is approximately 18% above the estimated market value, potentially limiting buyer interest and requiring a price adjustment.
Higher Monthly Association Fees: The $250 monthly association fee, while contributing to community exclusivity, is on the higher end and adds to the overall cost of ownership.
Modest Lot Size for Value: With a lot size of 6,098 sqft, the property offers a relatively modest outdoor footprint compared to some comparable homes, which might be a consideration for buyers seeking larger grounds.

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